raising money and going bankrupt

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  • 1 www.coaching-startup.com

    GROW BUSINESS DEVELOPMENT & FINANCIAL SUPPORT

    You have raised money but

    after a couple of months

    youre are going bankrupt !

    WHY?

  • 2 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 1 : bad money

    You have raised the wrong amount

    A too high valuation for a first and second round An unhealthy financial structure

    ?

  • 3 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 2 : A poor management of growth

    The working capital is out of control

    Poor internal processes

  • 4 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 3 : Non diversified revenues

    1 customer = 80 % of the turnover

  • 5 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 4 : a risky financial structure A too important Cash burn

    Excessive fixed costs. A sudden drop in the activity has a significant decrease in the level of

    cash

    A wrong human resource strategy

  • 6 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 5 : the next fundraising round is not prepared You realize you need to raise money only 2 months before the cash crunch

    No tools to make financial forecasts

  • 7 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 6 : a non-cohesive team

    No common projects between managers and employers

    A poor internal communication

    A fear has appeared after the first dismissal

    Founders have not he same vision anymore

  • 8 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 7 : following the business plan at all costs

    Do not follow your business plan only to achieve the objectives that have been enacted

    Your last data are more important than the spreadsheet of your Business Plan

    The Only thing that we know about financial prediction of startups is that 100% of them are Wrong"

    Brad Feld, Co-founder, Foundry Group

  • 9 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 8 : going against the flow

    You follow too many indicators or the wrong type of indicator

  • 10 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 9 : lack of anticipation

    Keep an eye on the market to direct your actions towards promising areas.

  • 11 www.coaching-startup.com

    GROW How did it happen ?

    # Reason 10 : Bureaucratic Structure The structure must be able to evolve as soon as a change of direction is required

    Decisions must be made quickly

  • 12 www.coaching-startup.com

    GROW Sources

    Sources :

    Paul Graham

    Business Angel France

    Coactiv

    Coaching Startup

  • 13 www.coaching-startup.com

    GROW Contact us

    Route de Saint-Julien 184, 1228 Plan-les-Ouates Genve Suisse

    www.Coaching-Startup.com

    Follow us on

    @Startup_Team Facebook.com/coachingstartupacademy

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